Insig Ai Share Discussion Threads

[shrewdmole] 24/8/2023 00:21

Can’t be bothered that should read.
If you really have such an issue with management grow a pair and speak to them direct.

Eyeball them and read them.

This is your once a year opp to get to know, meet, question and gauge the people you’ve invested in.

[judijudi] 23/8/2023 23:03

Can’t afford the train fare

[banshee] 23/8/2023 18:56

Going to the AGM to ask?

[judijudi] 23/8/2023 18:54

Superb
Now where are these contracts 🤷‍a94;️🤦🏻🙈😩🤢9326;

[banshee] 23/8/2023 14:16

I like the intro ;)

"Over 90% of executives are planning to increase their expenditure in ESG, according to a new report.

The 'ESG Data Acquisition & Management Survey 2023', conducted by Bloomberg and Adox, revealed that 92% of executives intend to augment their ESG (environmental, social and governance) expenditure by at least 10%.

Additionally, 18% are aiming for an increment of 50% or more. Firms are predominantly channelling this investment towards ESG benchmarks and indices (29%),company-specific data (23%), ESG scores (20%) and sustainable debt (19%)."

[noujay] 23/8/2023 10:25

https://www.funds-europe.com/news/surge-in-esg-investment-amid-management-challenges

[judijudi] 21/8/2023 17:46

48p when we re listed at 67p 🤦🏻
He best get his skates on to exercise any of them
Be drawing his pension before the £1+ ones come in to play (and even the 48p ones the way things are going) if we survive that long
imho

[banshee] 21/8/2023 17:00

There are also options or the equivalent from £1-1.50-2.00-2.50 on top as I recall around 1.5m at each price.
"
Colm McVeigh does not hold any ordinary shares in Insig AI plc but has been granted options over 2 million ordinary shares under the Company's existing share option scheme and has been awarded warrants over 1.5 million ordinary shares at 100p a share, 1.5 million ordinary shares at 150p a share, 1.5 million ordinary shares at 200p a share and 1.5 million ordinary shares at 250p a share. "

So 8 million in total. Let's hope he gets to exercise them all ;)

But it isn't a motivator to buy shares, except perhaps symbolically, purely to boost the share price

[banshee] 21/8/2023 16:55

50p I think, I didn't see any significant dir buying on opti on a quick skim on the 2014/2015 RNS's.

[judijudi] 21/8/2023 16:42

Do we know what price his options kick in and how many he has?

[pj 1] 21/8/2023 16:31

According to SOH they did!!!!

[pj 1] 21/8/2023 16:29

Ah. Free shares you mean, paid for by us? ??So he is bound to have an interest in the stock market!!!!

[banshee] 21/8/2023 16:23

Did any of the directors of our old friend OPTI pile in before the initial rise from 8p to 80? I have seen many AIM shares multibag on the back of little or no director buying and never seen as much buying in the mkt as there has been here from the EC here relative to the size of the co.

You will not imo, see Colm buying any more shares here regardless, unless by constantly posting on here you excert some kind of pressure for him to pick up a relative handful. I personally, would not bother buying any myself, if I had the number of options he has.

[ltinvestor] 21/8/2023 16:01

I also hear that he only works part time , say 3days a week so is his salary adjusted pro rata?

[pj 1] 21/8/2023 15:56

is also above the guidelines issued by sharesoc for both the Revenues generated ( or lack of in this case) and market cap.

[pj 1] 21/8/2023 15:54

Listed or not.

[judijudi] 21/8/2023 15:31

He’s brought just under 30,000 shares 🤷‍a94;️

[banshee] 21/8/2023 14:25

He is probably taking less than half the salary he could get elsewhere given his CV, and of course he has been granted plenty of options. Also, reputedly he is not a stock market person, always a a concept hard for people on stock BBs to grasp, but likewise hard to verify.

[ltinvestor] 21/8/2023 13:47

The day Colm Mcveigh buys shares is the day we should pile in….

[banshee] 21/8/2023 12:34

All the exec directors here could command higher salaries elsewhere, though not perhaps the startup potential gains, and likely for many fewer hours. Also worth bearing in mind that Pearson and Cracknell are highly skilled technical people who would attract commensurate salaries for this alone, they don't spend the time when they are not in board meetings (the vast majority) sitting in a smoke filled room drinking coffee and counting their money, as some people here seem to imagine.

In the US INSG would be rated much higher as is I suspect, and have no worries at all about raising capital, people would be falling over themselves to offer it post FCA.

[judijudi] 21/8/2023 10:08

Very benevolent of them

But we then had

3rd Nov 22
As previously announced, with the receipt of the R&D tax credit, together with the convertible loan note facilities provided, it was expected that there would be sufficient working capital through to Q2 2023. The Board now believes that no further working capital will be required to support the operations of the business in the short and medium term, as the business is expected to become cash flow positive from Q2 2023 as a result of the cost cutting actions taken.

Then a few months later


24.4.23
The Company is pleased to announce that it has successfully raised GBP0.9 million by way of equity subscription for 5,294,118 ordinary shares of 1 pence each in the Company ("Subscription Shares") at 17 pence per Ordinary Share (the "Subscription Price")(the "Subscription").

Which from memory were the shares you are talking about

And from a few days ago

We continue to forecast further sales growth for the Insig AI business. The board remains optimistic that it will achieve operating profitability in FY-24. Also, we are benefiting from decisions taken earlier in the year that materially lowered our operating costs.

[noujay] 21/8/2023 09:24

Perhaps a little credit to Warren Pearson and Steve Cracknell who essentially acknowledged the overpayment vs under delivery in ceding half of their considerable holdings to treasury which were then used in a placing which avoided dilution to existing holders.As for the CEO would be nice to see but historically it doesn't appear to be his inclination.

[judijudi] 21/8/2023 09:07

PJ,
That’s a massive wage bill (and that’s just management) for so little return in revenue isn’t it

I presume there must be an overhang of stock?

[kumbuka] 21/8/2023 09:05

Sell up and move on bully boy pj. All you do is moan moan moan. Everyone else is wrong including directors. But hey wait a minute maybe it's YOU that gets it wrong always.

Look at you list of FAILED investments


PEL, SBTX, OPTI, MIN, INSG, INL and FLX


So everyone can see you just have no idea.